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ICON ENERGY LIMITED
2015 Annual Report ABN 61 058 454 569
CORPORATE GOVERNANCE STATEMENT
2015 CORPORATE GOVERNANCE CHECKLIST
Icon’s Corporate Governance Policies conform to the Principles (being those under ASX’s 3rd edition of Corporate Governance
Principles and Recommendations dated March 2014). A summary of our disclosure against the Principles is set out below:
Principle 1 - Lay solid foundations formanagement and oversight
CorporateGovernance Council Recommendation
Does Icon followthe
recommendation?
Disclose roles and responsibilities of board and management
Undertake appropriate checks before appointing or electing a person as director
Written agreement with each Director and Senior Executive
Company Secretary accountable directly to Board
Diversity Policy disclosures reported
Board performance evaluation undertaken
Senior Executive performance evaluation undertaken
P
P
P
P
P
P
P
1.1
1.2
1.3
1.4
1.5
1.6
1.7
Principle 6 – Respect the rights of securityholders
Corporate and governance information available on website
Investor relations program
Processes to facilitate and encourage participation at securityholders meetings
Electronic securityholder communication functionality
P
P
P
P
6.1
6.2
6.3
6.4
Principle 7 – Recognise andmanage risk
Risk committee requirements met
Annual review of risk management framework
No internal audit function but internal control processes in place
Disclosure of material exposure to, and management of, economic, environmental and social
sustainability risk
P
P
P
P
7.1
7.2
7.3
7.4
Principle 4 – Safeguard integrity in corporate reporting
Audit committee requirements met
CEO and CFO financial statements declarations received
External auditors attend AGM and available to answer questions from securityholders
P
P
P
4.1
4.2
4.3
Principle 3 –Act ethically and responsibly
Code of conduct available on website
P
3.1
Principle 5 –Make timely and balanced disclosure
Continuous Disclosure Policy available on website
P
5.1
Principle 2 – Structure the board to add value
Nomination committee requirements met
Board skills matrix disclosed
Director independence and tenure disclosed
Majority of the Board are independent Directors
Chair of the Board is an independent Director and not the same person as the CEO
Director induction and ongoing training program
X
P
P
P
P
P
2.1
2.2
2.3
2.4
2.5
2.6
Principle 8
Remuneration committee requirements
Remuneration practices disclosed
Remuneration Policy disclosures regarding equity based remuneration
X
P
P
8.1
8.2
8.3
